Bitcoin Value Capture Concept = $10M Per BTC (Patreon)

Hedge fund manager Jesse Myers predicts that Bitcoin's value could reach $10 million per BTC in the next few decades. Myers believes that Bitcoin's scarcity and value proposition as a hard store of value will make it increasingly attractive in a world of increasing debt and currency devaluation. He breaks down the math behind his prediction and says that Bitcoin's maximum supply of 21 million BTC will create a massive supply shock as the cryptocurrency gains more adoption. However, Myers also cites regulatory roadblocks as a potential risk to Bitcoin's future.

Fun that he uses the term #BlackHole to describe Bitcoin. 

“I think we have begun the Bitcoin era, where having BTC as a major if not primary pillar of your personal savings strategy is the winning formula. And it will take a generation for people to really get the picture.

So when I when I say Bitcoin has, I think, a conservative chance of becoming $10 million dollars a coin in today’s dollars, that means going from 0.05% of the world’s value to 25% of the world’s value.

Bitcoin is just going to suck it in, ingest it like a black hole. That’s what I think we’ve embarked on now and it will only be really clear in hindsight that those are the mechanics that were playing out right before people’s eyes while everyone was convinced that this was just Monopoly money.”